|[June 26, 2014]
Guardian Pharmacy Celebrates 10 Successful Years in Long-Term Care Industry
ATLANTA --(Business Wire)--
Guardian Pharmacy, LLC, the third largest long-term care pharmacy
company in the U.S., is marking its 10th anniversary and celebrating its
growth. In 10 years, the entrepreneurial company has:
Increased prescriptions from 300,000 per year to more than 5 million
Grown its employee base from 70 to more than 1,000
Experienced a compound annual growth rate of more than 32 percent
Expanded from one pharmacy - Saliba's Extended Care Pharmacy - to 22
Served as an entrepreneurial incubator fostering the growth of 16
pharmacy presidents and their management teams
"Over the last decade, our industry has faced many challenges including
the heightened focus on off-label antipsychotic medication use and
changing healthcare regulations," said John Saliba, president of
Saliba's Extended Care Pharmacy. "But our partnership with Guardian has
helped us address these head-on while continuing to offer customers
exceptional service, attention and resources to meet residents' changing
Guardian's Local Autonomy (News - Alert) business model distinguishes it amongst
competitors. The industry-unique model affords long-term care pharmacies
the opportunity to maintain local ownership and operations while
benefiting from the leadership developmen, resources and analytical
tools of a larger company. Guardian's approach helps partner pharmacies
be nimble, high-service providers to individual communities as well as
regional and national assisted living and skilled nursing groups.
"The long-term care industry today requires that pharmacies understand
the complex nature of the evolving business but still can provide the
high touch customer service that defined pharmacies of the past. We
address both sides of the spectrum," said Fred Burke, CEO of Guardian.
"Moving forward, we will continue building a world-class long-term care
pharmacy company by partnering with like-minded entrepreneurs,
supporting our existing partners and continuing to leverage a
significant investment in technology and other proprietary tools."
Through 22 pharmacies, Guardian serves 14 states and 50,000 residents.
Founded by Fred Burke, Kendall Forbes and David Morris along with
investors Bindley Capital Partners and Cardinal Equity Partners,
Guardian has been named a Georgia Fast 40 company five times and an Atlanta
Business Chronicle Pacesetter and Top 100 private company five
times. In 2012, Burke received the Ernst & Young Entrepreneur of the
Year® Alabama/Georgia/Tennessee Award in the "Healthcare" category.
For more information, visit guardianpharmacy.net.
Guardian Pharmacy, LLC, headquartered in Atlanta, Ga., is one of the
nation's largest long-term care pharmacy companies and ranks among
Georgia's fastest growing companies. Guardian's pharmacies focus on
providing outstanding client service to long-term care facilities
including assisted living, skilled nursing and others. Founded in 2004,
Guardian has experienced a compound annual growth rate of more than 32
percent, which the company attributes to its unique Local-Autonomy
business model. Pharmacy operators participate in local ownership and
benefit from Guardian's experience in high-growth, specialty pharmacies. www.guardianpharmacy.net.
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